triggered selling of bank prospects fears and panic in SeptemberWorld Steel Pipe , September has always been the stock market is the most vulnerable of several months in one.
September effect - the impact
"September effect" seems to be the practice, although history does not necessarily repeat itself, but this phenomenon on the financial markets still play an important warning.
investors still fresh in September 2008, Lehman came crashing down, everything started sliding; a bear market index in 2002 is also in September, dropping to a minimum, there September 1998 economic crisis.
September effect - Overview
Standard & Poor's 500 Index stock prices from 1949 to 2007. The past 20 years (as of 2009), Standard & Poor's 500 index more than 11 years fell, fell more than 10:00. Over the past 10 years, Standard & Poor's 500 Index in September fell by an average of 30 points, all months of each year the largest decline in month four times tumbled more than 50 points.
September effect - Wall Street
the history of Wall Street's collapse time tend to fall from September to October, 1929, 1987 and 2008 are examples , there are "September effect" that, but for unknown reasons World Pipe network informed. Perhaps the reduced trading day, in short, is to invest in the people fear to sell holdings.
global stock markets have a so-called "September effect", that is, September is often the low yield in a year in January.